Cherkizovo Group, Russia’s largest meat producer, expects its export volume to rise by up to 70 percent in 2020 due to higher sales of poultry to Asia and the Middle East. Reutersreports thatCherkizovoexpects its poultry exports to jump 85 percent to about 63,000 tonnes, or around 74 percent of the estimated 85,000 tonne export total for 2020. "China has become the major export market for our poultry products since 2019", said Andrey Terekhin, head of industry associations and government institutions relations at Cherkizovo. In 2020, Cherkizovo shipped the first batches of poultry to Saudi Arabia and the UAE. Overseas sales of pork are estimated to. Read more...
Russian agricultural exports to China increased by 24% compared to the same period last year. More than 3.7 million tons of food products worth 3.2 billion dollars were shipped to China in the first 10 months of 2020. The country accounts for 14% of the total volume of all Russian agricultural exports. Such growth resulted due to increased exports of fat and oil products and meat products. China takes the lead among all Russian sunflower oil buyers with supplies increased 2.2 times to 447 million dollars. Soybean oil sales increased 1.8 times to 213 million dollars, and rapeseed oil sales increased by 30% to 179 million dollars. China accounts for about 65% of. Read more...
In the first half of the year, Russia exported 26 thousand tons of sausage and similar products worth 52 million dollars, which is 28% higher than last year. The CIS countries are the largest importers of Russian sausage products. Thus, exports to Kazakhstan this year increased by 24% to 35 million dollars. Shipments to Azerbaijan increased by 30% to 5.4 million dollars. This year, Russian producers started supplying sausage products to Panama and Moldova. Shipments were also made to Norway and Indonesia for the first time since 2016. In total, 25 countries became importers of Russian products. According to the Federal center for export development of agricultural. Read more...
"According to the data for the first half of 2020, taking into account fooddata for the EEU countries, Russia has delivered agricultural products to foreign markets with a total value of more than 13 billion dollars. These results are 2 billion dollars or 18% higher than during the same period last year," Deputy Prime Minister Victoria Abramchenko said. She noted that China became the leading buyer of domestic agricultural products in 2020, with 1.9 billion dollars worth of imported Russian food supply. That is a 35% increase compared to the the same period in 2019. Turkey came in second with an indicator of 1.5 billion dollars (+42%). It was followed by. Read more...
The US Department of Agriculture (USDA) this week estimated Ukrainian poultry production will continue to grow in 2020, although at a slower rate. Ukraine’s chicken industry is dominated by one large producer, Myronivsky HleboProduct (MHP), which is responsible for over 70 percent of total industrial chicken production. The company finished a major expansion program which led to a significant increase in production and exports in 2019. As a result, Ukraine became the world’s seventh-largest chicken meat exporter. The European Union market for Ukrainian chicken cuts is expected to mature in 2020. MHP’s exports to other countries will grow,. Read more...
A decrease in exports was the main drag on Russia’s GDP growth in the second quarter of this year, as it deepened from -0.4% YoY in 1Q19 to -4.9% YoY in 2Q19, analysts comment after official data on the structure of Russia’s economy was published earlier this week. The drop in exports was a result of lower global demand for metals, Russia’s OPEC+ commitments and the temporary halt in oil exports via the Druzhba (Friendship) pipeline. Deterioration of net exports caused by external or temporary factors (not fiscal or monetary policies), knocked off 1.7 percentage points from the 2Q19 GDP growth rate,INGsaid. Rosstat previouslyestimatedRussia’s GDP. Read more...
The cost of economic sanctions and other trade restrictions imposed by other countries cost Russia $6.3 billion by late 2018, estimates of the Economic Development Ministry presented on Tuesday reveal, according toGazeta.ru. These restrictions include anti-dumping duties, licensing, quotas, technical barriers, sanitary and phytosanitary measures and also economic sanctions. Measures imposed by the European Union hurt Russia’s economy the most, the data reveals. The total damage is estimated at $2.4 billion. U.S. sanctions cost Russia nearly $1.17 billion, while losses from Ukraine’s restrictions amounted to $775 million, the ministry said in. Read more...
Iran exported $533 million worth of commodities to Russia in 2018, up from $392 million in 2017, an Iranian envoy in Russia has said, according to theFinancial Tribune. The figure registered a growth of 36 percent in Iran’s exports to the country’s northern neighbor compared with the preceding year, according to Farhad Parand, Iran’s commercial attaché in Russia. The Islamic Republic mainly exported included pistachio, raisins, dates, apples, cucumbers, tomatoes, fish, shrimp, milk, cheese, tea, kiwi fruit,and cabbage. The trade between Iran and Russia stood at 1.74 billion dollars in 2018, registering a 2-percent growth from. Read more...
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